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Do you know who the financial powers that be are?

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  • Do you know who the financial powers that be are?

    Again, more interesting info brought up by Minyan Peter:

    http://www.minyanville.com/articles/.../index/a/17510

    Specifically the list of those convened by the Fed regarding derivatives:

    OTC Derivatives Industry Working Group
    Federal Reserve Bank of New York
    June 9, 2008

    Industry Participants

    Dealers
    Bank of America, N.A.
    Barclays Capital
    BNP Paribas
    Citigroup
    Credit Suisse
    Deutsche Bank AG
    Dresdner Kleinwort
    Goldman, Sachs & Co.
    HSBC Group
    JPMorgan Chase
    Lehman Brothers
    Merrill Lynch & Co.
    Morgan Stanley
    The Royal Bank of Scotland Group
    Société Générale
    UBS AG
    Wachovia Bank, N.A.

    Buy-Side Firms

    AllianceBernstein
    BlueMountain Capital Management LLC
    Citadel Investment Group, L.L.C.
    Industry Groups
    Counterparty Risk Management Policy Group III
    International Swaps and Derivatives Association, Inc.
    Managed Funds Association
    Securities Industry and Financial Markets Association

    Supervisors

    Commission Bancaire
    Commodity Futures Trading Commission
    Connecticut State Department of Banking
    Federal Deposit Insurance Corporation
    Federal Financial Supervisory Authority
    Federal Reserve Bank of New York
    Federal Reserve Bank of Richmond
    Federal Reserve Board of Governors
    Financial Industry Regulatory Authority
    Financial Services Authority
    New York State Banking Department
    Public Company Accounting Oversight Board
    Office of the Comptroller of the Currency
    Office of Thrift Supervision
    Securities Exchange Commission
    Swiss Federal Banking Commission
    The most interesting part: how many of the financial institutions on this list have been hammered and had to recapitalize?

  • #2
    Re: Do you know who the financial powers that be are?

    Here's a question - is it the people that run them or the entities themselves at this point?

    Tie in the list of the list of the top F.I.R.E. political contributors and you've got quite a web of power.

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